Techcom Securities Joint Stock Company · HOSE:TCX
Techcom Securities Joint Stock — Q2 2026 Earnings Presentation
24 slides from Techcom Securities Joint Stock's earnings presentation, Jul 22, 2026
Slide 1: 2Q2026 Earnings Call
2Q2026 Earnings Call Hanoi, July 22, 2026 TCB Internal Document
Slide 2: Key highlights, Macro & Capital market update, Business performance, 2026 Outlook
01 02 03 04 Key highlights Macro & Capital Business 2026 Outlook market update performance 2 TCB Internal Document
Slide 3: Key highlights: 2Q2026 Performance
01 Key highlights 2Q2026 PERFORMANCE VND 3,745B #1 #3 VN30 Inclusion Total revenue Bond issuance advisory 9.4% market share on HOSE TCX ▲ 41% YoY 48% market share1 Highest level achieved Higher visibility & liquidity VND 2,097B VND 60,722B 51,522B 35,360 Record quarterly PBT Bond issuance volume Mar
Slide 4: Macro & Capital market update
02 Ma c r o & C a p i t a l ma r k et u pda te TCB Internal Document
Slide 5: Strong Fundamentals Set the Stage for Structural Market Catalysts
Strong Fundamentals Set the Stage for Structural Market Catalysts 02 Macro & Capital market update MACRO CAPITAL MARKET MARKET UPGRADE 1H26 GDP 1H26 CPI VN-Index 2Q26 ADTV Oct 2025 ▲ 8.18% ▲ 4.38% 1,860 VND 24tn FTSE confirms vs 7.63% 1H25 easing off peak ▲ 4% YTD ▼ 1% YoY Vietnam's Secondary EM upg
Slide 6: Business performance
03 Bu s in e ss p e r fo rman ce TCB Internal Document
Slide 7: Double-digit Growth Sustained through Diversified Earnings Base
1. Double-digit Growth Sustained through Diversified Earnings Base 03 Business performance • Q2 PBT rose 21% YoY and 44% QoQ, driven by strong margin lending and recovery in bond distribution after a slower start in Q1. • Investment banking maintained solid momentum, while brokerage & commission dec
Slide 8: Stronger 2Q Builds Momentum toward Full-Year Guidance
1. Stronger 2Q Builds Momentum toward Full-Year Guidance 03 Business performance • 1H PBT grew 17% YoY, reaching 47% of FY guidance despite market volatility and interest rate uncertainty. • TCBS remains well positioned to deliver resilient earnings in line with 2026 guidance. 1H2026 earnings bridge
Slide 9: Robust Bond Issuance Advisory Activity Sustaining Leadership
1.1. Robust Bond Issuance Advisory Activity Sustaining Leadership 03 Business performance • #1 market position sustained with ~48% market share in Q2. • Strong bond product demand drove a surge in issuance volume to VND 60.7tn in 2Q26 (+138% YoY, +115% QoQ). Corporate bond issuance volume Corporate
Slide 10: Bond Distribution Rebounded amid Moderating Spread Pressure
1.2. Bond Distribution Rebounded amid Moderating Spread Pressure 03 Business performance • Wealth distribution totaled VND 32tn in 2Q26 (+5% YoY). Bond distribution improved in both volume & spread, supported by higher-yielding issuances. • Fund distribution softened amid competitive deposit rates,
Slide 11: Sustained Momentum in Brokerage and Margin Lending Activities
1.3. Sustained Momentum in Brokerage and Margin Lending Activities 03 Business performance • Sustained a Top 3 brokerage position on HOSE with a record-high 9.4% market share, and Top 2 on HNX at 9.0%. • Margin lending remained the key earnings driver, supported by healthy loan balance growth and co
Slide 12: Maintaining Cost Discipline with Targeted AI Investment
2. Maintaining Cost Discipline with Targeted AI Investment 03 Business performance • Continued AI & technology adoption enhances productivity, supporting industry-leading PBT per employee and efficient operating leverage. • Q2 cost metrics benefited from a one-off accrual reversal, with 1H26 normali
Slide 13: Expanding Balance Sheet while Maintaining Conservative Leverage
3. Expanding Balance Sheet while Maintaining Conservative Leverage 03 Business performance Asset mix YTD QoQ VND trillion • An expanded funding base, anchored by longer-tenor +25% +13% offshore borrowings, strengthens balance sheet 101 resilience amid tight domestic liquidity. 89 15 82 81 +26% +24%
Slide 14: Scaling Growth through an AI-Driven Operating Model
4. Scaling Growth through an AI-Driven Operating Model 03 Business performance • Enterprise-wide AI adoption is expanding service capacity, enabling broader customer coverage, deeper engagement, and faster product innovation while maintaining a relatively stable headcount. Expanding customer base Bu
Slide 15: Building the Next Wave of Growth
5. Building the Next Wave of Growth 03 Business performance INSTITUTIONAL CLIENTS CRYPTO EXCHANGE • Completed framework and Crypto Exchange Licensing • Submit Round 2 documentation Non-Prefunding operational infrastructure for licensing approval Supports institutional scalability • VND 1 trillion tr
Slide 16: Recognition for AI Innovation & Excellence
6. Recognition for AI Innovation & Excellence 03 Business performance FINANCEASIA AWARDS GENAI Most Innovative Use of Technology Nonbank Financial Institutions VIETNAM REPORT TOP 10 Reputable Securities Companies 2026 16 16 TCB Internal Document
Slide 17: 2026 Outlook
04 2 0 2 6 Ou t l o o k TCB Internal Document
Slide 18: FY2026 Guidance Reaffirmed, Underpinned by Strong 1H26 Momentum
FY2026 Guidance Reaffirmed, Underpinned by Strong 1H26 Momentum 04 2026 Outlook 2026 Segment Key commentary Expectation FY2026 revenue target • Continued strong momentum in 2H, with expanded DCM–ECM capabilities delivering Investment VND 13,227B banking more integrated funding solutions. • ECM is ex
Slide 19: Appendix
Ap p e n d i x TCB Internal Document
Slide 20: 2Q2026 Key Financial Highlights
2Q2026 Key Financial Highlights 2Q26 1Q26 2Q25 YoY QoQ Income Statement (Key metrics, VND billion) Total Revenue 3,745 2,783 2,660 41% 35% Net Operating Income 3,250 2,351 2,441 33% 38% Brokerage & Custody 69 85 88 -21% -19% Margin Lending & Advances on Sale Proceeds 1,380 1,211 829 66% 14% Investme
Slide 21: 2Q2026 Key Financial Highlights
2Q2026 Key Financial Highlights 30 Jun 2026 31 Mar 2026 31 Dec 2025 YTD QoQ Balance Sheet (Key metrics, VND billion) Total Assets 100,592 88,665 80,632 25% 13% Cash & Cash Equivalents 6,155 5,493 3,108 98% 12% Held-to-Maturity Investments (HTM) 1,588 1,406 3,657 -57% 13% Loan 51,522 44,754 43,860 17
Slide 22: Formula for Calculating Financial Indicators
Formula for Calculating Financial Indicators INDICES FORMULAS ROA (LTM) PAT (last 4 consecutive quarters) ÷ Average total assets (5 most recent quarters) ROE (LTM) PAT post-NCI (last 4 consecutive quarters) ÷ Average equity excl. NCI (5 most recent quarters) CIR (LTM) (Operating expenses1 + Manageme
Slide 23: Disclaimer
Disclaimer The information in this presentation is being provided as a historical, reference source only and is not being used for, and nothing in this presentation constitutes an offer, invitation or recommendation to sell or issue, or any solicitation of any offer to purchase or subscribe for, sec
Slide 24: Thank you
2Q2026 Earnings call Thank you In v e stor Re la t io ns TechcomSecurities 6 Quang Trung Street, Cua Nam, Hanoi, Vietnam Website: www.tcbs.com.vn Email: tcbs_ir@tcbs.com.vn TCB Internal Document
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